Property taxes for co-ops are based on their tax rate and your unit share of the co-op itself.
If you own a share in a co-op, you may be eligible to claim a Home Owner Grant to reduce the property taxes you pay.
Advance taxes: Tuesday, February 2
Main taxes: Tuesday, July 5
Home owner grant: Tuesday, July 5
Co-op owners, together, need to:
Instructions to complete Form A (142 KB)
In 2016 the home owner grant threshold of assessed value is $1.2 million (from $1.1 million in 2015). The grant is reduced by $5.00 for each $1,000.00 above the threshold.
If you qualify for the seniors or other additional grant, but the grant amount has been reduced or eliminated due to the 1.2 million threshold, you may still be eligible for the low income grant supplement .
If you have concerns about the threshold change, please contact the Province of BC's Home Owner Grant Administration Branch: